Duskin announced on the 23rd that it has resolved to dissolve its consolidated subsidiary Duskin Shanghai, which handles the rental and sale of cleaning equipment. The business environment has become increasingly severe due to changes in the Chinese market since the COVID-19 pandemic, and the company judged that significant expansion of its dust control business in China would be difficult. The liquidation is scheduled to be completed in August, and the impact on consolidated earnings is expected to be minor. Duskin Shanghai was established in 2006 and was the company's second overseas base for its dust control business using mops and other tools, following Taiwan in 1994.
Duskin Co., Ltd.Duskin resolves to dissolve its Shanghai subsidiary due to difficult business environment in China, though impact on earnings is minor.